Friday, 29 November 2013

20,40 dma crosses and the 6 month and 2 year cycle cluster around the winter solstice

note 1200 is a very important area.It is 2/3 of 1800 top area,360 from 1560 the approx level of Dec 2011 low and 720 from 1920 area where gold topped.My thinking is we test 1200 ,maybe even break it and suck in some sellers and then rally sharply.Indications are that the paper gold market is a completely false ,manipulated market.I see gold exploding higher when this becomes obvious to more people.Nevertheless this chart shows how bulls only need to wait for a 20,40 cross rather than guessing ....:-)

If gold is finally ready to break free
of the year long manipulation then we may have printed a final bottom
today. The next couple of days should tell the tale. If gold can rally
$40-$50 tomorrow or Wednesday, and the miners 5% - 10% on heavy volume
that would in my opinion be a strong signal that today was more than
just a minor daily cycle low. If gold can deliver a powerful follow
through surge off of this reversal then we may just have a final
intermediate bottom, and maybe, just maybe, the bubble phase of the bull
market is ready to begin.

Sunday, 24 November 2013

I dont put high store on EW counts but here is one possible bearish count,with last week's trading giving a hanging man candle,and classic overshoot of the rising wedge,We would need to reverse pretty soon next week for this to seem valid I think.I did have Gann wheel resistance at 1812 for this last leg,so lets watch this level too. Daily chart is on buy with Fridays candle.

the Gann "death zone" count is still just about alive if we reverse this week

when are these crooks going to be made to pay for their crimes....Meanwhile Boris Johnson tells us not to bash the bankers...What a ***ked up world

http://www.maxkeiser.com/2013/11/rbs-kills-off-good-firms-for-profit/

“By
driving healthy companies into the ground, RBS has not only ruined
thousands of lives, it has also gravely hindered our economic recovery
compounding the misery of millions of hard-working Britons.
A copy of his report, seen by this newspaper, says: “The bank
artificially distresses an otherwise viable business and through its
actions put [the business] on a journey towards administration,
receivership and liquidation.”

“By
driving healthy companies into the ground, RBS has not only ruined
thousands of lives, it has also gravely hindered our economic recovery
compounding the misery of millions of hard-working Britons.
A copy of his report, seen by this newspaper, says: “The bank
artificially distresses an otherwise viable business and through its
actions put [the business] on a journey towards administration,
receivership and liquidation.”

“By
driving healthy companies into the ground, RBS has not only ruined
thousands of lives, it has also gravely hindered our economic recovery
compounding the misery of millions of hard-working Britons.
A copy of his report, seen by this newspaper, says: “The bank
artificially distresses an otherwise viable business and through its
actions put [the business] on a journey towards administration,
receivership and liquidation.”

“By
driving healthy companies into the ground, RBS has not only ruined
thousands of lives, it has also gravely hindered our economic recovery
compounding the misery of millions of hard-working Britons.
A copy of his report, seen by this newspaper, says: “The bank
artificially distresses an otherwise viable business and through its
actions put [the business] on a journey towards administration,
receivership and liquidation.”

"Jim: I think the West has a plan in action and
that plan in action is to pull the trigger before the panic and start
doing bail-ins as a product of those banks that fail the solvency tests
under pressure. Those tests have gone from being foolish little
exercises in nothing to being very serious, very difficult tests to
pass. Making those so difficult to pass, both in Europe and in the
United States and in Canada, has to have a meaning. I think it’s those
banks that fail that are going to be bailed-in "

Governors of 35 states have filed suit against the Federal Government for imposing unlawful burdens upon them. It only takes 38 (of the 50) States to convene a Constitutional Convention.

For too long we have been too complacent about the workings
of Congress. The latest is to exempt themselves from the Healthcare
Reform that passed... in all of its forms. Somehow, that doesn't seem
logical. We do not have an elite that is above the law. I truly
don't care if they are Democrat, Republican, Independent or whatever. The self-serving must stop.

Proposed 28th Amendment to the United States Constitution: "Congress shall make no law that applies to the citizens of the United States
that does not apply equally to the Senators, Representatives; and,
Congress shall make no law that applies to the Senators and/or
Representatives that does not apply equally to the citizens of the United States..."